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Avenue Supermarts’s rating reaffirmed at ‘AA+’ by CRISIL

17 Feb 2022 Evaluate

Credit rating agency -- CRISIL Ratings has reaffirmed Avenue Supermarts’s rating on the bank facilities and commercial paper of the company at ‘AA+’ with stable outlook. The ratings continue to reflect the strong market position of the company in the domestic organised food and grocery (F&G) retail market and its robust financial risk profile. These strengths are partially offset by modest, though improving, geographic reach and susceptibility to regulatory changes and intense competition.

Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.

Peers
Company Name CMP
Avenue Supermarts 3183.20
Trent 2866.00
Vishal Mega Mart 86.70
PN Gadgil Jewellers 584.90
Aditya Birla Life 71.05
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